A & J CONST. CO., INC. v. Wood
Idaho Supreme Court
1Opinion of the CourtJones, J.
A & J Construction Co., Inc. (A & J) appeals from the district court’s decision to grant Floyd Wood’s summary judgment motion based upon judicial estoppel.
I
FACTUAL AND PROCEDURAL BACKGROUND
A & J and Wood entered into a “Joint Venture Agreement and Option to Purchase Real Property” in 1979. Approximately 73 acres of real property near Homedale, Idaho, coined the “Sugar Beet Property,” was purchased by Wood in October of that year pursuant to the joint venture agreement. The purchase price of the property was $172,948.43, which was in excess of the market value. The parties believed a highway…
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